Smart devices, mobile phones and tablets are becoming the control hub for the myriad of connected devices and the Internet of Things (IoT) – as are bring-your-own-device (BYOD) policies in many organizations today. But this is creating unique and heightened security risks for IT professionals, such as higher exposure to data breaches, malware and compliance violations. BYOD is no longer an industry trend; it’s a fact of life for enterprise-wide operations and the IT organizations that must support them.
Being able to prove you are who you say you are is the basic underpinning of many economic activities. Traditionally, this proof has come in the form of personal interactions and physical documentations.
In the coming years, digital identification and authentication will be radically different than the simple username and password combination. Financial institutions, with their extensive experience in identity assurance and their trusted role within the economy, are well placed to play a central role in these developments.
